On today’s show, Robert Leonard chats with Raoul Pal to discuss the macro environment, NFTs, crypto, and bitcoin. Raoul Pal is a co-founder of Real Vision, has run a successful global macro hedge fund, co-managed Goldman Sachs’ hedge fund sales business in Equities and Equity Derivatives in Europe, and helped design the BBC TV program Million Dollar Traders, training participants in investment and risk management strategy.

Raoul now lives in the Cayman Islands, from where he manages Real Vision and writes for The Global Macro Investor, a highly regarded original research service for hedge funds, family offices, sovereign wealth funds, and other elite investors.

IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:02 - Raoul’s experience at BBC and creating Real Vision
07:02 - What are the 3 phases of a crisis and which phase are we currently in
17:37 - What financial experts mean when they say the “government is printing money”
20:45 - What ‘death of the macro environment’ means
26:27 - With the fall of the macro environment, is this something that new investors should be worried about or should they focus on the basics first?
34:40 - Raoul’s opinion on Traditional Value Investing
38:02 - How Raoul’s opinion changed from just having a small amount of crypto to a large amount specifically, Bitcoin
39:55 - What other fellow macro-experts think about crypto and Bitcoin
40:56 - What other coins, other than Bitcoin and Ethereum have a potential to succeed
48:27 - Whether it’s possible for the government to outlaw crypto
54:03 - What are NFTs and Raoul’s view as a potential investment case

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